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An artist's impression of the $6 billion Balla Balla iron ore project in the Pilbara.

BBI to buy MinRes iron ore operation

The owner of the $6 billion Balla Balla iron ore project in the Pilbara has entered into an option agreement to acquire the nearby Weelumurra asset from Mineral Resources for an undisclosed sum.

Todd Corporation-controlled BBI Group entered into an agreement with MinRes subsidiary Polaris Metals for the option to acquire the operation, which it says potentially contains about 200 million tonnes of iron mineralisation and further exploration upside.

Weelumurra is also 15 kilometres from BBI’s proposed Central Pilbara rail head and stock yards.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 29/09/17

1 year TSR5 year TSR
90thProgrammed Maintenance Services91%13%
137thRCR Tomlinson55%24%
140thMineral Resources53%22%
309thAustal8%4%
396thSeven West Media-4%-3%
719 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

20/09/17
$118k Bought
28/08/17
$0 Bought
16/08/17
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

3rd↑Programmed Maintenance Services$2,694.5m
4th-Seven West Media$1,679.0m
5th↑Mineral Resources$1,470.4m
6th↓Austal$1,325.3m
7th↑RCR Tomlinson$1,294.6m
232 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Mineral Resources

12thChris Ellison$2.918m
27thBruce Goulds$1.543m
37thBob Gavranich$1.323m
Ranked by total remuneration from all listed WA companies

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